Sahara Force India team principal Vijay Mallya was a satisfied man after his team achieved the target of registering points in the inaugural Indian Grand Prix with Adrian Sutil managing to bring home the car inside the top 10 bracket, in Greater Noida, on Sunday.
Has liberalisation squeezed the personality out of India Inc's leaders?
As his personal wealth started booming, Mallya went on a buying spree.
UBI's exposure to Kingfisher Airlines was around Rs 350 crore (Rs 3.50 billion) as part of consortium led by State Bank of India.
Mallya and his UB Group companies, including Kingfisher Finvest, held a 32.12 per cent stake in the airlines as of September.
In a series of tweets reacting to banks led by State Bank of India taking over management control of troubled Jet Airways, Mallya said, "...Only wish the same was done for Kingfisher".
Low-cost carrier Kingfisher Red will shut down in four months with the airline group chief Vijay Mallya on Wednesday saying several measures have been initiated to face financial problems caused by high interest burden and burgeoning fuel costs.
Royal Challengers Bangalore owner Vijay Mallya on Tuesday slammed the Board of Control for Cricket in India (BCCI), saying that the rules and regulations for the Indian Premier League were made without the consultation of the franchisees involved.
Kingfisher Airlines said it has entered into a code sharing and frequent flyer agreement with American Airlines, which will be effective from 2011. "The code share on Americans flight to Chicago will mark the first time ever that Kingfisher Airlines will place its code on any flight operating into the United States," executive vice president-commercial, Kingfisher Airlines Manoj Chacko said.
The case pertains to a criminal complaint filed by BCCI which has accused the former IPL commissioner of misappropriating funds during his tenure.
The Zee saga will see a long-drawn-out court battle before shareholders get any chance to vote on any proposal by the management or Invesco, says Prosenjit Datta.
The list of negatives on Kingfisher Airlines is getting longer.
AAI has filed two cheque bouncing cases against Mallya's Kingfisher Airlines in the court.
The Vijay Mallya-owned UB Group on Friday withdrew the controversial advertisement showing India skipper Mahendra Singh Dhoni "mocking" at Harbhajan Singh's look-alike, which had prompted the spinner to slap a legal notice against the group.
United Spirits Limited clocked sales volume of 100 million cases for the fiscal ended March 31, 2010, becoming the world's second largest spirit company by volumes, UB group chairman Dr Vijay Mallya,announced on Wednesday.
The Centre on Monday told the Supreme Court that "secret" extradition process was going on to bring fugitive businessman Vijay Mallya to the country but it was not aware about its status. The Centre also told the top court that it was not a party to the proceedings.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
In 2012, Diageo signed a deal to buy stake in USL.
Kingfisher Airlines chief Vijay Mallya today said the company was negotiating with banks to reduce the high interest rates on its Rs 6,000 crore (Rs 60 billion) debt but maintained the air carrier was not suffering from a "huge" debt burden.
Within the next fortnight Adrian Sutil and Paul di Resta will know whether they continue to remain Force India drivers next season or not, as Team Principal Vijay Mallya said he is due to convey his decision to the duo before next month's Abu Dhabi Grand Prix.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Sahara Force India team principal Vijay Mallya, on Thursday, refused to reveal whether he will retain Adrian Sutil for the next season but said he would convey his decision to the German driver whenever he wants.
India's former captain Sourav Ganguly had to endure the ultimate humiliation of not being sold at the 2011 Indian Premier League Players' Auction, but his successor Rahul Dravid did manage to make the cut.
It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for the Videocon Group and its associated companies, in which in two cases she herself was on the sanctioning committees.
Force India has been re-named Sahara Force India after the Sahara Group bought stake in the Vijay Mallya-owned Formula One team. As per the agreement between the parties, Sahara Group and Mallya's UB Group will have 42.5 percent stake each in the team.
Force India will take action against their German driver Adrian Sutil only if he is formally charged with assault, the Formula One team's owner Vijay Mallya said on Thursday.
Force India, co-owned by Vijay Mallya, is set to sell a minority stake in the Formula One team to Sahara Group, which also sponsors the national cricket team, a source with knowledge of the deal told Reuters on Wednesday.
Force India's co-owner Vijay Mallya has rubbished speculation that he is planning to sell his stake in the Formula One team to Sahara India.
Fugitive diamond merchant Nirav Modi, wanted in India in connection with the estimated $2-billion Punjab National Bank (PNB) scam case, was on Tuesday further remanded in custody until January 7 by a UK court hearing his extradition case. The 49-year-old businessman, who has been behind bars at Wandsworth Prison in south-west London since his arrest last year following India's extradition request for him, appeared via videolink for a routine 28-day remand hearing on Tuesday before Westminster Magistrates' Court in London. The final hearings in the extradition case are scheduled over two days, on January 7 and 8 next year, when District Judge Samuel Goozee is scheduled to hear closing arguments from both sides before he hands down his judgment a few weeks later.
The decision to close down Kingfisher Red was announced by airline group chief Vijay Mallya yesterday who said this was being done 'because we don't intend to compete in the low-cost segment'.
CBI Jt. Director, A K Sharma, weakened Mallya's "Look Out" notice, says Rahul.
Explosive West Indies batsman Chris Gayle got clearance from his cricket Board (WICB) to play in the ongoing Indian Premier League after Royal Challengers Bangalore roped him in as a replacement for injured Australian left-arm pacer Dirk Nannes.
Force India is gearing up for the Italian Grand Prix in Monza, in a big way and eyeing bigger points. After gathering 20 points from the last three races, Force India is targeting elusive double points finish in Sunday's Italian Grand Prix.
Mallya left the country on March 2 and has had his passport revoked.
Indian Formula One fans should be proud of their own team rather than bemoaning the lack of homegrown talent on the starting grid, Force India's flamboyant owner Vijay Mallya said.
Force India have extended their partnership with McLaren until the end of next year and appointed Andrew Green as technical director, the Formula One team said on Friday.
The company's board approved the airline's plan to raise the amount through issuance of equity shares or preference shares or through global depository receipts.
Royal Challengers Bangalore owner Vijay Mallya on Sunday backed Mumbai Indians in its fight against the alleged rigging of the IPL 4 auction and called for more 'transparency' and 'inclusive approach' in the administration of the Indian Premier League.
Several Indian sportspersons were felicitated at an awards function organized by Sports Illustrated magazine in Mumbai on Monday.
Liquor tycoon Vijay Mallya on Friday made an urgent application before the UK High Court seeking access to millions of pounds to cover his living expenses and legal fees from funds held with the Court Funds Office as part of bankruptcy proceedings, initiated by a consortium of Indian banks led by the State Bank of India. Deputy Insolvency and Companies Court Judge Robert Schaffer declined to allow a draw down from the court-held funds of an estimated amount of around 1.5 million pounds, accrued from the sale of Mallya's French luxury property Le Grand Jardin earlier this year, until further arguments in the case. However, he did allow the release of 240,000 pounds plus VAT to cover the legal costs of a substantive hearing in the bankruptcy proceedings scheduled for next Friday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances